trending Market Intelligence /marketintelligence/en/news-insights/trending/gA22Qk4h1TqaF6kZqs9-kA2 content esgSubNav
In This List

Appliance Recycling Centers of America swings to loss in fiscal Q3

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


Appliance Recycling Centers of America swings to loss in fiscal Q3

Appliance Recycling Centers of America Inc. said its normalized net income for the fiscal third quarter ended Oct. 3 was a loss of 9 cents per share, compared with 5 cents per share in the third quarter ended Sept. 27, 2014.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $535,750, compared with income of $296,000 in the third quarter ended Sept. 27, 2014.

The normalized profit margin fell to negative 1.9% from 0.9% in the year-earlier period.

Total revenue declined 15.3% year over year to $28.1 million from $33.2 million, and total operating expenses declined 10.2% from the prior-year period to $29.2 million from $32.5 million.

Reported net income totaled a loss of $758,680, or a loss of 13 cents per share, compared to income of $293,450, or 5 cents per share, in the third quarter ended Sept. 27, 2014.